Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: Libloather
If they sold the gold, how do they expect to get it back?

By begging?

10 posted on 12/08/2018 12:57:55 PM PST by HotHunt (Reagan was good but TRUMP IS GREAT!)
[ Post Reply | Private Reply | To 1 | View Replies ]


To: HotHunt
If they sold the gold, how do they expect to get it back?

They didn't sell it. Many countries pay other countries to hold their gold.
They now want it back and England wants to know why. They probably don't have it.

19 posted on 12/08/2018 1:25:18 PM PST by TangoLimaSierra (To the Left, The truth is Right Wing Extremism.)
[ Post Reply | Private Reply | To 10 | View Replies ]

To: HotHunt

IIRC, it was collateral for a loan. I don’t know if the loan was paid off or not. Not the first country that has had to wait for it’s gold.

Many Countries have been buying gold for their central banks. The older gold stores were not refined to current day standards, and has to be refined sufficiently to meet today’s standards.

Various countries are also moving their gold stores from NY. I guess they are anticipating that the Int’l Monetary System is going to need to be overhauled again.


32 posted on 12/08/2018 6:46:30 PM PST by greeneyes
[ Post Reply | Private Reply | To 10 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson